Kelowna, British Columbia-based QHR Technologies Inc. will acquire Clinicare Corp., a Calgary-based vendor of physician practice management and electronic health records software serving physician practices in Canada and the United States.
QHR Technologies sells physician practice management and EHR software in Canada. It also sells a human resources information system in the health care, forestry, manufacturing and government sectors. Under acquisition terms, the company will pay $5 million for Clinicare with an adjustment for net working capital. QHR will fund the acquisition through a $1 million loan at 14% interest over four years, company operations and additional equity investments.
Register or login for access to this item and much more
All Health Data Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access